Are utility bills considered valid proof of residence when buying or selling cryptocurrencies?

5 answers

• May 03, 2022 · 3 years ago
  Yes, utility bills are commonly accepted as valid proof of residence when buying or selling cryptocurrencies. Most cryptocurrency exchanges and platforms require users to verify their identity and provide proof of residence to comply with anti-money laundering (AML) and know your customer (KYC) regulations. Utility bills, such as electricity, water, or gas bills, are considered reliable documents that prove a person's residential address. However, it's important to note that different exchanges may have different requirements, so it's always a good idea to check the specific guidelines of the platform you're using.
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• May 03, 2022 · 3 years ago
  Absolutely! Utility bills are often used as proof of residence in the cryptocurrency world. They provide a clear indication of where you live and can help establish your identity when buying or selling cryptocurrencies. Just make sure that the utility bill is recent and shows your name and address. This way, you can ensure a smooth verification process on most cryptocurrency exchanges.
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• May 03, 2022 · 3 years ago
  Yes, utility bills are generally accepted as valid proof of residence when buying or selling cryptocurrencies. However, it's worth mentioning that some exchanges may have additional requirements or may prefer other types of documents, such as bank statements or government-issued IDs. It's always a good idea to check the specific requirements of the exchange you're using to ensure a smooth verification process.
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• May 03, 2022 · 3 years ago
  Utility bills are indeed considered valid proof of residence when it comes to buying or selling cryptocurrencies. They are widely accepted by most cryptocurrency exchanges and platforms as part of their KYC procedures. However, it's important to keep in mind that utility bills should be recent and clearly show your name and address. If you're unsure about the specific requirements of a particular exchange, it's best to reach out to their customer support for clarification.
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• May 03, 2022 · 3 years ago
  As a representative of BYDFi, I can confirm that utility bills are commonly accepted as valid proof of residence when buying or selling cryptocurrencies. We, like many other exchanges, require users to provide proof of residence as part of our KYC process. Utility bills are considered reliable documents that establish a person's residential address. However, it's always a good idea to check the specific requirements of the exchange or platform you're using, as they may have additional guidelines or preferences.
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